Section 1179DR | Expenditure that qualifies for credit

(1)Expenditure incurred by the production company for a film or television programme counts as “relevant production expenditure” for the purposes of section 1179CA(2) if—

(a)it is core expenditure in relation to that film or television programme (see section 1179DS), and

(b)it is not excluded expenditure (see sections 1179DT and 1179DU).

(2)But for the purposes of step 1 in section 1179CA(1) as it applies in relation to a certified low-budget film (see section 1179DJA(9))—

(a)no more than £15 million can count towards the total of the production company’s relevant global expenditure, and

(b)UK expenditure counts towards that total before other expenditure.